Jay, the fundamentals are SOOOO different now as opposed to year 2000 when the economy was roaring after a Trillion Dollars was spent on Y2k items. The 2000 decline started because Corp technology budgets were brought back to normal and terrorism was igniting. I hope your wrong and the 2009 to 2012 timeframe more closely mirrors the 1996 to 1999 graph. John

On Friday the market sold off hard on options expiration day, however no one should be too surprised as this was long overdue; the market had been up 15 of the last 18 days essentially. The market managed to hold onto 'key' support on Friday's sell off (the uptrend line from the July 09 lows) and on the S&P 500 the key support is around 1130, however the market feels toppy to me; the onus is now back on the bulls. However here are a few concerns of mine: We are now in the heart of earnings season and the market didn't respond well to good earnings from INTC and JPM which is differnet from what we saw last year. Also I looked at over 1000 individual stocks over the weeknd for trade setups and only a handful of Longs were found.

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About the Author

Friday, March 16, 2007

This blog represents an assemblage of resources using various market & scientific disciplines. Many analysts provide too much info causing an overload. They still have NO idea ** "WHATS NEXT" ** Traders need to know how to make $$ this week and next, not next quarter or next year. WE trade for a living NOW. The future will fall into place as we go. Keep this in mind as you follow along weekly-My personal trading is based on the same analsysis and projections that are presented in this blog. Sorry, WE don't provide pretty charts & graphs or long winded explanations, although I will give you some technical or psychological references from time to time. It is my intention to keep it clear and simple, easy to read and understand. Note the following: The projections and information provided does not consititute trading advice, nor an invitation to buy or sell securities. The material represents the personal views of the author. Anyone reading this blog should understand and accept they are acting at their own risk. Each person should seek professional advice in view of their own personal finances. As Always - BEST WISHES- Jay